By Zhang Ye

26 years ago, Hengli Group purchased Wujiang fiber weaving factory which was on the verge of bankruptcy with 3.69 million Yuan and became one the 1st batch of private companies in Suzhou.

In the last 26 years, Hengli group has been working on its main business and the industry, focused on from ‘one drop of oil to a cloth’ all industrial chain development, is now one of the top 500 companies in the world and top 500 private companies in China. Now Hengli group has the largest functional fiber manufacture base and the largest textile company in the world.

In economic downturn, entrepreneurs shall look for opportunities in crisis. Since it was founded in 1994, Henegli group has experienced 1998 Asia economic crisis, 2008 global economic crisis and 2018 China and the United States trade disputes. Every crisis comes with great opportunities. If we can grab opportunities, we can stand out.

Nantong has great opportunities to develop large projects and industries today. CPC Nantong Committee and Nantong government have always been our strong supports. We have confidence in promoting the project building in Nantong. We will be a solid ‘partner’ of Nantong, and set up a new benchmark of the industry in the world.

(Extract from speeches of entrepreneur representatives on Nantong private economy development conference and the 3rd Nantong entrepreneur convention)